Grappling7155@lemmy.ca to Toronto@lemmy.ca · 1 year agoToronto considers implementing a municipal sales taxwww.theglobeandmail.comexternal-linkmessage-square4fedilinkarrow-up120arrow-down10file-text
arrow-up120arrow-down1external-linkToronto considers implementing a municipal sales taxwww.theglobeandmail.comGrappling7155@lemmy.ca to Toronto@lemmy.ca · 1 year agomessage-square4fedilinkfile-text
minus-squarezhenbo_endle@lemmy.calinkfedilinkEnglisharrow-up8·1 year agoI don’t think a municipal sales tax would help much. For shopping, people could visit adjacent cities with little effort, reducing the revenue for shopping malls inside Toronto. On-site business, like restaurants or cafes will take the burden. I feel that our property tax rate is a bit low. For example, New York City has roundly 1% (https://smartasset.com/taxes/new-york-property-tax-calculator)
I don’t think a municipal sales tax would help much. For shopping, people could visit adjacent cities with little effort, reducing the revenue for shopping malls inside Toronto. On-site business, like restaurants or cafes will take the burden.
I feel that our property tax rate is a bit low. For example, New York City has roundly 1% (https://smartasset.com/taxes/new-york-property-tax-calculator)